Microsoft hikes dividend by 15 percent to 23 cents

September 18, 2012

(AP)—Microsoft Corp. says it is increasing its quarterly dividend by 15 percent.

The Redmond, Wash.-based software company said Tuesday that it will pay a dividend of 23 cents on Dec. 13 to shareholders of record as of Nov. 15.

That is up from its prior-quarter dividend of 20 cents.

Microsoft also said that long-time board member Raymond Gilmartin will retire. The 71-year old former CEO of Merck & Co. has served on Microsoft's board for 11 years. Gilmartin said he is reducing his professional commitments to have more personal time.

Gilmartin will serve until the next annual meeting, usually held in November. The company's board will then have 10 members.

(AP) -- Microsoft Corp. said Tuesday it is raising its quarterly dividend for the first time in two years in a move that will return more of the software maker's nearly $37 billion cash hoard to its shareholders.

(AP) -- Microsoft Corp. is trying to lift its stock price by boosting its dividend 25 percent, the largest increase since the world's largest software maker started the quarterly payments seven years ago.

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